The following table shows data for a firm. The first column shows the number of variable resources employed in production, the second column shows firm's total product, and the third column shows its product price. If the firm decides to hire five units of resource, then the market price paid to the resource is _____.
Table 11.4

A)$100
B)$74
C)$54
D)$34
E)$24

Question

The following table shows data for a firm. The first column shows the number of variable resources employed in production, the second column shows firm's total product, and the third column shows its product price. If the firm decides to hire five units of resource, then the market price paid to the resource is _____. ​
Table 11.4
​

A)$100 
B)$74 
C)$54 
D)$34 
E)$24

Quizplus · Accepted Answer

The Answer of The following table shows data for a firm. The first column shows the number of variable resources employed in production, the second column shows firm's total product, and the third column shows its product price. If the firm decides to hire five units of resource, then the market price paid to the resource is _____. ​
Table 11.4
​

A)$100 
B)$74 
C)$54 
D)$34 
E)$24

The Following Table Shows Data for a Firm